1 points Save Answer What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, 515,400, and unexpired amounts per analysis of policies of $5,000? a Debit Insurance Expense, $5,000; Credit Prepaid Insurance, $5,000 b. Debit Insurance Expense, $15,400; Credit Prepaid Insurance, $15,400. C Debit Prepaid Insurance, $10,400: Credit Insurance Expense, $10,400 d. Debit Insurance Expense, $10,400; Credit Prepaid Insurance, $10,400